Semi-weekly south Kentuckian. [volume] (Hopkinsville, Ky.) 1883-1889, 1887-07-22
THE 0. v. PROPOSITION.
To be Voted on in the Hopkins
vile Magisterial District
August 90.

a vile Magisterial Dis
trict.
: The Ohio Valley Railway Compa-
ny, formally appeared by its attorney,
!, j. II. Clay, aud filed its petition which
reads iu words and figures as follows,
to-wit:
f To THE COUNTY CoURT OF CHRISTIAN
COUNTY, KENTUCKY:
The Ohio Valley Railway Compa-
y ny, formerly the South Kentucky
b Railroad Company, chartered by an
e act of the General Assembly of tho
. Commonwealth of kentucky, APP.
I. proved 10Th day of March 1871, and
the several amendments thereto, by
order of its Board of Directors, re-
! specially requests your honorable
/ Court TO submit to the qualified vo-
tiers of what is known as the Hop
kinsville Magisterial District of
Christian County, Kentucky, or Civil
District No. l at al election to be held
: under and in accordance with the
act of its Incorporation, on day to
be designated by this Court, not more
than sixty (G0 days nor less than
thirty (30) days from the date that
said election is ordered, the question
whether or not the said District shall
subscribe one thousand $1,000 shares
of one hundred ($l00) dollars each to
the capital stock of the Ohio Valley
Railway Company, Oh the following
terms and conditions to-wit:
Condition first: That no part ofthe
amount for said stock shall be due or |
payable until continuous line of rail- |
way, Of standard guage, shall be |
constructed by said Ohio Valley |
Railway Company, from the town Of |
Princeton, Kentucky, TO the limits of |
the city of Ilopkinsville, Kentucky,
nor until a train of cars shall be run |
over said railway, nor unless said
railway is constructed on or before
the LIST day of January 1889, provided,
however, that if the Ohio Valley
Railway Company shall, in good
faith, and within reasonable time
after favorable vote on this propo-
sition, begin the construction of its
road and be prevented by stress of
weather or any extraordinary hap
pening, from constructing the road
within the time aforesaid, then the
subscription shall not be, therefore,
on that account void, but reasona-
BILE time shall be extended in such an
event beyond the date named, for the
construction of said road as afore-
said:
Condition second: That the Ohio
Valley Railway Company shall I'M
dertake and bind itself, on the pay
ment of the money for said Stock, or
ON the delivery of the bonds as here
in after recited. to refund to the Hop
kinsville Dristrict the amount SO
paid on the face value of the bonds
delivered in payment of its subscrip-
ton, in the event the Louisville Il
Nashville railroad Co. or any success
sor thereof shall obtain the possession
and ownership OF said Ohio Valley
Railway Company, within twenty
years from this date, provided, how
ever, that II the stock of the Hopkins
vile District shall be voted or used
for the purpose of enabling said Lou
isville IL Nashville Railroad Compa-
ny to obtain the possession and own
ership of said Ohio Valley Railway Y
Company, then this obligation on the G
part Of the said Ohio Valley Railway I
Company shall cease and determine.
Condition third: In the event a
favorable vote is had ON this propo-
sitiou, the stock is subscribed and /
paid for, the Ohio Valley Railway /
Company hereby agrees and binds I
itself to give as favorable rates, in b
to the distance to the peo-
pie and shippers of the Hopkinsville
District as it may give to any other
point on its line between its terminl
and not TO make or permit to be made
any unjust discrimination in the mat
ter Of freights or passage against the
peopleo of or shippers of said Hopkins
vile District.
Condition fourth: That in paw
ment of the stock subscribed by said
district, 1t shall issue and deposit
with three trustees to be named in
the order submitting this proposition
bonds of said district for the sum of
one hundred thousand ($l00,0O0O0)l
dollars, with coupons attached for
the interest, to be made payable TO j
said Ohio Valley Railway Company v
or bearer, due and payable twenty s
years after the date of their usual, s.
with the option on the part of the /
district TO redeem the same at any n
time after 8 years from their date, d
bearing interest at the rate of six per n
cent per annum, payable seminar a
nually, both principle and interest 1
payable at the banking house of r
Alexander a Co., in the City
Of New York. Said bonds to be in
denominations of not mole than one
thousand dollars, nor less than one
hundred dollars each, which said
bonds shall be held by the trustees,
to be hereafter named in the order of
he Court, in trust to be delivered and
shall be by them delivered to the said
Ohio Valley Railway Company, when
said railway shall have been con-
'tructed as mentioned in condition
)ne of this proposition, and train of
cars run thereon, and within the time n,
herein provided, provided, however, ~
hat any coupons falling due for in
crest ON said bonds before the con- h,
of said road to Hopkins
lille as aforesaid, shall be by said
rustees detached, marked cancelled w
md returned to the County Court OF
christian county.
Condition fifth: In lieu of the de- h,
livery of the bonds as aforesaid to the :,
Ohio Valley Railway Company, the y"
lopkinsville district, through the
rustees aforesaid may sell the bonds n,
It not less than their value, and de-
)osit with the trustees aforesaid one ~
hundred thousand dollars which the
rustees shall deliver TO the Ohio !.
Valley Railway Company as provided ~
OF the delivery of the bonds. The ~
Inject of this condition being to give dl
o said district the benefit of any
premium that may be received on
aid bonds; and it is understood that re
my premium received shall be used d,
or the purpose of retiring and can ri
elllug the bonds 10 the extent of
aid premium. te
Condition sixthi If any subscrip-
ion is made under this proposition,
he. Ohio Valley Railway Company ls'
undertakes to secure the release by co
ha Hnnk inoufllo G. naI;, : | "A